High Yield Notes Sample Clauses
The High Yield Notes clause defines the terms and conditions governing debt securities that offer higher interest rates due to their increased risk profile. Typically, this clause outlines the interest rate, maturity date, and any covenants or restrictions placed on the issuer, such as limitations on additional borrowing or requirements for financial reporting. Its core function is to clearly set expectations for both the issuer and investors regarding the risks and rewards associated with these notes, thereby facilitating informed investment decisions and managing the allocation of financial risk.
High Yield Notes. Save to the extent expressly permitted under the terms of the HYD Intercreditor Agreement or, in relation to the Additional High Yield Notes, in any Supplemental Additional High Yield Notes Intercreditor Agreement, without the consent of an Instructing Group:
(a) with respect to the Parent only:
(i) it will not transfer any of its rights or obligations under the Existing High Yield Notes or agree any amendment to the Existing High Yield Notes (i) relating to the increase in the amount of or the bringing forward of the date of any payment of principal, interest, fees or other amounts payable thereunder or (ii) changing the currencies in which the Existing High Yield Notes are denominated as at the Merger Closing Date (other than in the case where the United Kingdom becomes a Participating Member State);
(ii) it will not transfer any of its rights or obligations under the New High Yield Notes or Additional High Yield Notes or agree any amendment to the New High Yield Notes or Additional High Yield Notes after the date of issuance (i) relating to the increase in the amount of or the bringing forward of the date of any payment of principal, interest, fees or other amounts payable thereunder or (ii) changing the currencies in which the New High Yield Notes or Additional High Yield Notes are denominated as at the date of issuance (other than in the case where the United Kingdom becomes a Participating Member State); or
(iii) in relation to any High Yield Refinancing permitted under the terms of this Agreement, it will not change any of the original terms under which such High Yield Refinancing was issued, where such terms relate to the conditions of such High Yield Refinancing set out in the definition thereof; or
(b) with respect to the Company it will not agree any amendment to the guarantee granted by it in respect of obligations of the Parent under the Existing High Yield Notes or any guarantee granted in respect of the New High Yields Notes or High Yield Refinancing or Additional High Yield Notes and which is granted in accordance with the terms of paragraph (c) of Clause 25.4 (Financial Indebtedness), in each case, other than amendments of an administrative or technical nature.
High Yield Notes. At any time when a Default or an Event of Default has occurred or is continuing at the time of such redemption or would occur immediately after giving effect to such redemption, make any redemption of the High Yield Notes prior to the Maturity Date.
High Yield Notes. Company shall obtain no later than three months after the Closing Date, ratings of the High Yield Notes from S&P and/or ▇▇▇▇▇'▇; provided, however, that if such ratings shall not have been obtained by such date solely due to inaction or a refusal to act by any such rating agency that is, in either case, beyond the control of Borrowers (as determined in the reasonable judgment of Administrative Agent), Borrowers shall not be in breach of this subsection 6.12 so long as Borrowers shall take all steps Agents reasonably request from time to time to obtain such ratings.
High Yield Notes. The Borrower will not, and will not permit any other Loan Party to, without the consent of all of the Lenders:
(i) make any principal payments, repurchases, redemptions or other retirement of principal under any High Yield Notes prior to their maturity, except as required in accordance with the terms of any High Yield Note Indenture;
(ii) pay any interest on any High Yield Notes during the continuance of a Borrowing Base Shortfall, Default or Event of Default; or
(iii) make any material amendments to any High Yield Notes or any High Yield Note Indenture or the terms and condition thereof that would reasonably be expected to have an adverse impact on the interests of the Lenders.
High Yield Notes. The occurrence of an event of default under any High Yield Note Indenture or otherwise in respect of any High Yield Notes, after the expiry of any applicable grace period.
High Yield Notes. Any event of default (howsoever defined and giving effect to any applicable grace period) is outstanding under the High Yield Notes.
High Yield Notes. Save to the extent expressly permitted under the terms of the HYD Intercreditor Agreement and, if applicable, any Supplemental HYD Intercreditor Agreement, without the consent of an Instructing Group, the Parent will not agree any amendment to the Existing High Yield Notes which brings forward the final maturity earlier that 31 December 2015.
High Yield Notes. 113 6.13. Most Favored Nations Payments................................................................. 113 6.14. ▇▇▇▇▇▇▇▇▇▇ Letter of Credit Cancellation...................................................... 113
High Yield Notes. Evidence of the issuance of High Yield Notes and delivery of the High Yield Documents (it being agreed that that the satisfaction of this condition may occur concurrently with the effectiveness of this Fourth Amendment);
High Yield Notes. Save to the extent expressly permitted under the terms of the HYD Intercreditor Agreement, without the consent of an Instructing Group:
(a) with respect to Cableco only:
(i) it will not transfer any of its rights or obligations under the High Yield Notes or agree any amendment to the High Yield Notes (i) relating to the increase in the amount of or the bringing forward of the date of any payment of principal, interest, fees or other amounts payable thereunder or (ii) changing the currencies in which the High Yield Notes are denominated as at the Closing Date (other than in the case where the United Kingdom becomes a Participating Member State); or
(ii) in relation to any High Yield Refinancing permitted under the terms of this Agreement, it will not change any of the original terms under which such High Yield Refinancing was issued, where such terms relate to the conditions of such High Yield Refinancing set out in the definition thereof; or
(b) with respect to the Borrower, it will not agree any amendment to the guarantee granted by it in respect of obligations of Cableco under the High Yield Notes or any guarantee granted in respect of the High Yield Refinancing and which is granted in accordance with the terms of paragraph (e) of Clause 25.4 (Financial Indebtedness), in each case, other than amendments of an administrative or technical nature.